Overview: since the very first NVDA update I published on July 23rd, we have not made any change to the long-time idea. On my update of Oct. 1st I had: "since the start of this correction on Nov. 2021, I had this correction as a major wave 4. What are the targets for this wave 4 based on the retracement of wave 3: 116.33 and 82.87." Finally, on Oct 23rd, I published the idea that the bottom is possibly in.
Update: We need a bit of relabeling to the lower timeframe. Looking into the hourly chart, I can see that we are in wave 3 of c of (I) of a of 5. I think we run up to the descending channel trendline and reject for wave (II). I believe wave (II) is going to take a long time to complete, maybe sometime around March 2023.
Update: We need a bit of relabeling to the lower timeframe. Looking into the hourly chart, I can see that we are in wave 3 of c of (I) of a of 5. I think we run up to the descending channel trendline and reject for wave (II). I believe wave (II) is going to take a long time to complete, maybe sometime around March 2023.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.